{"id":26178,"date":"2022-01-12T09:36:53","date_gmt":"2022-01-12T12:36:53","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=26178"},"modified":"2026-04-23T12:20:43","modified_gmt":"2026-04-23T15:20:43","slug":"iec-appoints-chan-chun-lam-as-chief-financial-officer","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/iec-appoints-chan-chun-lam-as-chief-financial-officer","title":{"rendered":"IEC appoints Chan Chun Lam as Chief Financial Officer"},"content":{"rendered":"\n

Through a press release, International Entertainment Corp (IEC) has confirmed Chan Chun Lam has been appointed as Chief Financial Officer from 11 January 2022.<\/p>\n\n\n\n\n\n\n\n

The Philippines.-\u00a0International Entertainment Corp.<\/strong>\u00a0has announced\u00a0Lee Chi Wai\u00a0<\/strong>has tendered his resignation as the chief financial officer of the company due to his career development.<\/p>\n\n\n\n

In the statement, the company said Lee has confirmed that he has no disagreement with the board and “there is no matter which needs to be brought to the attention of the shareholders of the company in respect of his resignation”.<\/p>\n\n\n\n

IEC also confirmed\u00a0Chan Chun Lam as the new Chief Financial Officer<\/strong>\u00a0of the company.<\/p>\n\n\n\n

Lam, who joined IEC in August 2021, holds a bachelor degree in Business Administration in Accounting and is a registered Certified Public Accountant (Practising) and a fellow member of the Hong Kong Institute of Certified Public Accountants.<\/p>\n\n\n\n

According to the press release, previous to his role in IEC, he worked for an international accounting firm <\/strong>and several listed companies in Hong Kong.<\/p>\n\n\n\n

IEC chairman reduces stake to 18.75 per cent<\/h2>\n\n\n\n

IEC\u2019s chairman Choi Chiu Fai Stanley<\/a> has reduced his stake in the company from 27.4 per cent to 18.75 per cent<\/strong>. <\/p>\n\n\n\n

The chairman sold off about 8.66 per cent of the company\u2019s share capital for about HK$40m ($5.2m). <\/p>\n\n\n\n

The sale comes after the company said Choi\u2019s Brighten Path company would sell shares worth about 20 per cent<\/a> of the total.<\/p>\n\n\n\n

The company has sold 27.5 million shares to an unidentified third party with no links with the operator and 91 million shares on the open market. The first lot went for $0.30 per share and the second at $0.35 on average.<\/p>\n","protected":false},"excerpt":{"rendered":"

Through a press release, International Entertainment Corp (IEC) has confirmed Chan Chun Lam has been appointed as Chief Financial Officer from 11 January 2022.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"International Entertainment Corp (IEC) has announced the appointment of Chan Chun Lam as its new Chief Financial Officer, effective January 11, 2022, succeeding Lee Chi Wai. Concurrently, IEC's Chairman, Choi Chiu Fai Stanley, significantly reduced his stake in the company from 27.4% to 18.75% through a HK$40 million share sale to an unidentified third party and on the open market.","focusai_entities":"International Entertainment Corp, IEC, Chan Chun Lam, Lee Chi Wai, Choi Chiu Fai Stanley, Brighten Path, Hong Kong Institute of Certified Public Accountants","focusai_location":"Philippines, Hong Kong","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), investor_analyst (1.0), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact of Stake Reduction","query":"What are the potential implications of Chairman Choi Chiu Fai Stanley's significant stake reduction on IEC's future strategic direction, capital structure, and potential for M&A activity?"},{"label":"CFO Transition Strategy","query":"How will the new CFO, Chan Chun Lam, influence IEC's financial reporting, capital allocation strategies, and overall fiscal governance, particularly given the recent share divestment by the chairman?"}],"footnotes":""},"categories":[157,16333],"tags":[23727],"class_list":["post-26178","post","type-post","status-publish","format-standard","hentry","category-business-news","category-south-east-asia-news","tag-international-entertainment-corp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=26178"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26178\/revisions"}],"predecessor-version":[{"id":26198,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/26178\/revisions\/26198"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=26178"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=26178"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=26178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}